Senior Analyst Underwriting

Job Summary/ Job Opportunity: This is an excellent opportunity for an Admitted Lines Underwriting Analyst to deliver insurers with product development support and contribute to our insurance ecosystem. The successful candidate will secure an opportunity to work with expert underwriters and showcase their excellence in the insurance domain. As an Admitted Lines Underwriting Senior Analyst, you will specialize in enabling the rating process of various admitted insurance products with extensive analysis of rates, rules, forms and more, in the system. You will assist in the advancement of the industry with leading analytical skills and individual well-roundedness. If you possess a passion for what you do, we await your innovation at Xceedance. Key Objectives and Major Responsibilities: The purpose of this role is to assist underwriters in executing the rating process for various admitted insurance products – keeping in mind the rating rules and formulas for a product. The individual will play an essential role in the success of these projects from the prospect of our insurance domain. Major responsibilities include providing expert support by reviewing insurance applications from risk tolerance standpoint and accurately validating rating worksheets, policy outputs, forms, and endorsements. Assessing the risk, understanding discrepancies, and communicating them to the underwriters. Ability and knack for extensive reading and research on ISO & other insurance manuals, state rules and regulations to correctly rate insurance product risks on the Duck creek platform within regulatory purview of various bureaus. Protecting the company’s book of business from risks and issuing insurance policies at a premium that is commensurate with the exposure presented by risk. Designing numerous modules consisting of product test scripts on Duck Creek, conduct the relevant testing and ensure proactive reporting of any observed abnormalities. Guiding and administering the daily work of other team members to continuously improve the competency of the team. Ability to efficiently manage projects and proactively communicate with the clients in an independent manner. Contributing to the organizational values by actively engaging in the larger learning and development process. Driving concise, structured, and effective communication with clients, peers, and other stakeholders. Key Capabilities and Competencies Knowledge Nuanced understanding of the insurance industry, its key market players, business, and economic considerations, etc. Thorough insurance knowledge of various lines of businesses with a fundamental understanding of underwriting and rating factors for various risks. Awareness of underwriting criteria for a product or line of business. In-depth knowledge of the client’s competition, challenges, strengths, etc. in specific markets such as US/ANZ/UK/AME. A strong grasp of the trigger points and conditions applicable across various forms and endorsements. Assist in sensitizing the team on cultural and regional difference to better facilitate client interactions. Awareness and implementation of insurance regulatory requirements applicable to the area of work. Skills Proficient with MS Office. Excellent time management skills to meet stringent delivery deadlines. Work with client’s system for underwriting. Self-motivated and able to work independently with limited supervision. Good logic building skills to draw logical insights. Innate capacity to effectively read, comprehend, and interpret detailed research and reading material. Professional writing, networking, and communication style with the ability to formulate emails, presentations, and documents. Competent to work in an active and diverse environment. Embodies an exceptional problem-solving aptitude and a growth mindset. Qualification and Experience Recognized with a UG or PG degree in mathematics, economics, or a related field. Must hold 2-3 years of relevant experience in the insurance domain. Desirable Recognizable domain knowledge wherein the individual has awareness of insurance concepts, products, jargons within the basic and regulatory frameworks. Holds certifications or progression towards CPCU, CII, AU.